Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its holdings in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG - Free Report) by 55.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,463 shares of the bank's stock after selling 24,525 shares during the period. Captrust Financial Advisors' holdings in Sumitomo Mitsui Financial Group were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its position in Sumitomo Mitsui Financial Group by 138.1% in the fourth quarter. Bessemer Group Inc. now owns 1,929 shares of the bank's stock valued at $28,000 after purchasing an additional 1,119 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Sumitomo Mitsui Financial Group by 2,178.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,099 shares of the bank's stock valued at $45,000 after buying an additional 2,963 shares during the period. Richardson Financial Services Inc. boosted its position in Sumitomo Mitsui Financial Group by 36.8% during the fourth quarter. Richardson Financial Services Inc. now owns 3,496 shares of the bank's stock worth $51,000 after acquiring an additional 940 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Sumitomo Mitsui Financial Group in the 4th quarter worth approximately $86,000. Finally, Parkside Financial Bank & Trust grew its stake in Sumitomo Mitsui Financial Group by 32.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,944 shares of the bank's stock worth $115,000 after acquiring an additional 1,968 shares during the period. 3.85% of the stock is owned by institutional investors and hedge funds.

Sumitomo Mitsui Financial Group Trading Up 1.3%

NYSE:SMFG traded up $0.19 during mid-day trading on Friday, reaching $15.13. The company's stock had a trading volume of 1,910,970 shares, compared to its average volume of 1,446,655. Sumitomo Mitsui Financial Group, Inc. has a twelve month low of $10.74 and a twelve month high of $16.74. The company's fifty day simple moving average is $14.26 and its two-hundred day simple moving average is $14.59. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market cap of $97.95 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.36 and a beta of 0.40.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Free Report) last released its earnings results on Wednesday, May 21st. The bank reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The company had revenue of $16.55 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 12.61% and a return on equity of 8.52%. On average, equities analysts predict that Sumitomo Mitsui Financial Group, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Sumitomo Mitsui Financial Group from a "hold" rating to a "sell" rating in a report on Thursday.

Sumitomo Mitsui Financial Group Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.